I'm going to disagree with elcapitano. I was told by uchicago professors that the rank you get in does not predict future success in the program. Elcapitano is right to say that it's better to be a top student at a top30, rather than bottom at UChicago, but I'm not sure this dilemma is correct
The placements the last 2 years were bad, but before that they were good... and it will take about 5-6 years until we get in the job market, so I wouldn't base too much on that information. UChicago's placements are still probably much better from the placements of the schools that funded benedictprosper.
About the loan thing, Benedictprosper, don't expect TM forum participants to give you the advice that is right *for you*. Only you know what your future might be like, what your fallback options are, and how much your family can help. Personally, I had decided that I wouldn't go to UChicago if the funding differential was more than 50k, regardless of the ranking of my second option. However, I have different credit constraint and it may not be easy to pay back more than 50k in case I choose a job that doesn't pay well. Don't let this be a guide for you though. If you get a job in the private sector you will be able to pay the 250+130, and take an additional mortgage of 2 million for your house lol. What's 250+130 next to 2 million?